FA backing scheme to aid clubs in trouble
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Your support makes all the difference.The Football Association has confirmed it is attempting to broker a rescue package to help ease the financial plight of lower league clubs.
Talks have started between the FA, the Premier League, the Football League and the Professional Footballers' Association in the wake of the financial problems being experienced in the lower leagues.
However, despite discussions at yesterday's FA board meeting and reports of a £30m scheme being on the cards, any rescue package is still some way off.
In a statement the FA confirmed: "All of the relevant football authorities are working together to find a solution to the Football League's current problems. However, at this moment, no conclusions have been reached."
The various bodies are considering a range of options, including loans, grants and cash advances to smaller clubs in financial difficulty after the collapse of the ITV Digital deal.
However, reports have speculated that money would only be given to clubs who are financially solvent and that, in return, they may have to agree to some kind of salary cap or restraint.
One report claimed that about 80 per cent would go to First Division clubs, each receiving up to £800,000. Another suggested the total package may be worth up to £15m, with the Premier League having indicated that there is a "tremendous willingness" on its part to help out.
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